MEDICAL INFORMATION TECHNOLOGY, INC.
JULY 31, 2019
Compared to the first quarter product revenue increased $4.7 million or 14.2% due to bookings received during the quarter which could be implemented. Service revenue decreased slightly. The resultant total revenue increased $4.6 million. The resultant operating income increased $4.5 million. Net income comparisons are not meaningful because of distortions caused by a unrealized marketable securities gains.
The Board of Directors declared a quarterly cash dividend of $0.56 per share on all of MEDITECH's outstanding common shares payable to holders of record at the close of business on July 22, 2019 with payment of such dividend to be made on Monday, August 5, 2019.
MEDITECH is pleased to provide access to its annual reports on Form 10-K and quarterly reports on Form 10-Q, just as soon as such reports are filed with the SEC. The reports listed below link to copies of the reports stored on MEDITECH's website.
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